Vietnam news

Cryptocurrency cannot be accepted as payment for goods and services. State Securities Commission forbid industry firms from engaging in crypto related activities. UPDATE: Authorities are unsure of how to implement new crypto regulations. Banned mining rigs but the Ministry of Industry and Trade opposes the ban due to loss of business for the country.

World latest news

Vietnam's First Legally Compliant Exchange Will Soon Become a Reality

HANOI, Vietnam, April 13, 2019 /PRNewswire-PRWeb/ -- Cryptocurrencies are about to get a new image as legally compliant and regulated financial instruments. Bcnex Vietnam's first legally compliant exchange is launching soon and will put an end to a lot of issues related to the illegal structure of crypto payments services. It is a first-ever fully legally compliant for cryptocurrencies and fiat money exchange, with its own native crypto coin. Bcnex users can use the service for fiat and digital money exchange with low commissions, send payments and initiate direct bank transfers. There is also internal exchange which can be used to invest in TOP-100 cryptocurrencies. Moreover, users can open crypto deposits and earn interest. The main feature of the Bcnex project is transparency and full legal compliance. To make sure that all operations are fully legitimate and legal, the team is actively engaging with domestic and global regulatory authorities with the goal of making Bcnex the safest, most trusted and widely accepted digital currency in Vietnam and the world. A combination of hot wallets, cold wallets, and secure hardware with similar operational structures applied by banks, ISP providers, and the governments of developed countries proposes absolute security of customer assets even if ...Full story available on Benzinga.com
Benzinga

Breakthrough As Vietnam Licenses The First Crypto Exchange

Link Thanh Group and KRONN Ventures AG a blockchain-based firm based in Switzerland partner to launch an exchange in Vietnam. The current license gives the company the mandate to operate in Vietnam in spite of the authorities banning crypto activities. The news that Vietnamese are going to have access to the first ever government licensed cryptocurrency exchange continues to reverberate across the crypto sphere. A licensed crypto exchange comes as a result of a Memorandum of Understanding signed between the Link Thanh Group; ...Full story available on Benzinga.com
Benzinga

New Partnership Purports to Create First Approved Crypto Exchange in Vietnam

New Partnership Purports to Create First Approved Crypto Exchange in Vietnam Vietnam’s largest distribution company Linh Thanh Group has signed a memorandum of understanding (MOU) with Swiss blockchain company KRONN Ventures AG to establish a cryptocurrency exchange, according to a press release published on March 22. The collaboration is designed to facilitate the production of […] Cet article New Partnership Purports to Create First Approved Crypto Exchange in Vietnam est apparu en premier sur Bitcoin Central.
Bitcoin Central
More news sources

Vietnam news by Finrazor

DIGEST

What is actually crypto — asset, currency or collectible?

Coinrail has a recovery plan, Cambodian investors need a license, Vietnam approved a cybersecurity bill, Australia will collect Capital Gains Tax, Japan will release new guidelines, SEC threatens McAfee, BitTorrent's price, the US officials will disclose their crypto holdings.

Read more

Trending

Hot news

Hot world news

BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The cryptomarket is going through some good times, recovering from the sharp fall it had during 2018. The recovery of the global marketcap, and the high number of developments around cryptos and blockchain technologies has led many analysts to claim that we are close to witnessing not only a stabilization of the markets but also a bullish trend in the short term. Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments. BTC is Having a Great Week BTC has experienced a significant price increase. After a period of constant “Bart Simpsons”, it finally seems that the most important cryptocurrency in the world broke the 5k resistance. This marks an a crucial milestone as it is a a value that could not be reached for months. However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token. BTC. 30 minute candles. After the big green candle, 5580 has become a new support Bitcoin (BTC) 1day candles. courtesy Tradingview Cardano (ADA) Also Shows Some Positive Signs Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token. One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region. According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city. Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile. The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.
Ethereum World News

USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

April 23rd, 2019, Frankfurt, Germany – USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology. It targets crypto holders, allowing individuals to send and receive funds quickly and fee-free. It also covers the needs of an unbanked audience, and those who don’t want to pay commissions within traditional money transfer mobile apps. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on the BitShares protocol and allows 100,000 transactions per second. USDX and LHT Tokenomics The payment system has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT. The total supply of LHT is 1 billion coins. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. Recent Developments USDX Wallet has not held any private sales or presales, as it has received a sufficiently large venture investment. Future profits of the project will come from business account fees. From December 2018 to January 2019, there was an airdrop that attracted tens of thousands of participants. At the moment, USDX Wallet has surpassed 50,000 verified accounts. For the last several months the team behind the app have been implementing integration with crypto exchanges. The first platform to list LHT will be ExMarkets exchange, with two more exchanges to come. On Exmarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). About Exmarkets ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad. Recently, ExMarkets was granted two operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of the few certified players in the market. Also, ExMarkets supports EUR (SEPA transfers) deposits to the cryptocurrency exchange and is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity. It takes only a few minutes to set up an account; users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, and tokens. ________________________________ For more information on USDX Wallet, visit https://usdx.cash. The free USDX Wallet app is available on Google Play and the App Store. Follow USDX Wallet on Medium, Twitter, Facebook and Telegram. ExMarkets platform https://www.exmarkets.com/. Media Contact Details Contact Name: Maria Lobanova Contact Email: mlobanova@usdx.cash Partnership Request Details Contact Email: partners@usdx.cash USDX Wallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all. Disclosure: This is a sponsored press release. The post USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets appeared first on NullTX.
NullTX
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.